AMP Capital Investors Ltd raised its stake in McKesson Co. (NYSE:MCK) by 10.5% in the 4th quarter, HoldingsChannel reports. The fund owned 192,883 shares of the company’s stock after buying an additional 18,371 shares during the quarter. AMP Capital Investors Ltd’s holdings in McKesson were worth $30,081,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of MCK. Nationwide Fund Advisors increased its position in McKesson by 4.8% in the 3rd quarter. Nationwide Fund Advisors now owns 272,349 shares of the company’s stock valued at $41,836,000 after acquiring an additional 12,464 shares in the last quarter. Boston Partners increased its position in McKesson by 1.9% in the 3rd quarter. Boston Partners now owns 1,123,656 shares of the company’s stock valued at $172,605,000 after acquiring an additional 20,824 shares in the last quarter. Swiss National Bank increased its position in McKesson by 0.5% in the 3rd quarter. Swiss National Bank now owns 777,991 shares of the company’s stock valued at $119,507,000 after acquiring an additional 3,800 shares in the last quarter. Hennessy Advisors Inc. increased its position in McKesson by 3.6% in the 3rd quarter. Hennessy Advisors Inc. now owns 14,300 shares of the company’s stock valued at $2,197,000 after acquiring an additional 500 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in McKesson by 1.4% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 31,982 shares of the company’s stock valued at $4,913,000 after acquiring an additional 427 shares in the last quarter. Hedge funds and other institutional investors own 87.98% of the company’s stock.
McKesson Co. (NYSE:MCK) opened at $155.79 on Friday. McKesson Co. has a one year low of $133.82 and a one year high of $178.86. The firm has a market cap of $32,150.00, a P/E ratio of 7.50, a P/E/G ratio of 1.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 1.07.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 1st will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, February 28th. McKesson’s payout ratio is 6.54%.
Several equities research analysts have weighed in on MCK shares. Deutsche Bank began coverage on shares of McKesson in a research report on Monday, December 4th. They issued a “buy” rating and a $175.00 price objective for the company. Credit Suisse Group reaffirmed a “sell” rating and issued a $130.00 target price on shares of McKesson in a research note on Friday, February 2nd. Jefferies Group raised shares of McKesson from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Wednesday, January 24th. ValuEngine lowered shares of McKesson from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research raised shares of McKesson from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. McKesson currently has a consensus rating of “Hold” and a consensus target price of $176.74.
In other McKesson news, SVP Erin M. Lampert sold 1,413 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $149.38, for a total transaction of $211,073.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John H. Hammergren sold 65,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $160.00, for a total transaction of $10,400,000.00. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
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McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare.
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